FINAL COURSE OUTLINE BUSI2025 International Business Semester 2, 2013

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1 Research School of Management The Australian National University ACT 0200 Tel: , Fax: Student Room 1088, Level 1 Office: LF Crisp Building ANU Campus Map (map GH32) The Australian National University ACT 0200 Tel: International Within Australia: (local call cost only) Fax: International: Within Australia: Student Level 2 Office: Building 26C College of Business and Economics Students with enquiries about program (degree) requirements should contact the College office; enquiries about courses (subjects) are normally handled by the relevant Research School. FINAL COURSE OUTLINE BUSI2025 International Business Semester 2, 2013 COURSE DESCRIPTION This course is a broad survey of the field of international business and provides the foundations for further specialisation in this field. It begins with a brief overview of international business, focused on the concept of globalisation. The course will then examine the environment for international firms, particularly the political, social, economic, technological and other configurations that support cross-border trade and investment. Amongst others, we will look at the role of national policies, cultures and business systems, the evolution of international markets in goods, services and finance, and the supernational mechanisms and infrastructures for trade, investment and finance. The course will then probe international firms: their strategies and organisational design, their entry modes into international enterprise, and their behavioural and control systems. Discussion of current events/affairs and how these impact on international businesses is a major part of the course, for instance issues relating to international trade, foreign investment, international political conflict, financial crises, etc. Mode of Delivery Blended learning Prerequisites At least 24 units of prior study Incompatible Courses None Course Convenor Dr Andrew Bradly Phone Office Room 1096A Copland Building 1 T H E A U S T R A L I A N N A T I O N A L U N I V E R S I T Y U E C 1 /

2 Office hours for student Mondays 2-4pm consultation Research Interests Corporate social responsibility, business practices in developing countries Student administrator/s Ranka Videnovic/Ruth Southwell Phone: Tutors Genrikh Salata PAP Moran Building (Room 1056) Sophia Hamblin Wang L.F. Crisp Building (Room 1077) Paul Fairhall Tutor s Room Paul.Fairhall@anu.edu.au Course URLs More information about this course may be found on: Study@: the College of Business and Economics website: Wattle, the University's online learning environment. Log on to Wattle using your student number and your ISIS password, and Tutorial Registration Enrolment in tutorials will be completed online using the Electronic Teaching Assistant (ETA). To enrol, follow these instructions: 1. Go to 2. You will see the Student Login page. To log into the system, enter your University ID (your student number) and password (your ISIS password) in the appropriate fields and hit the Login button. 3. Read any news items or announcements. 4. Select "Sign Up!" from the left-hand navigation bar. 5. Select your courses from the list. To select multiple courses, hold down the control key. On PCs, this is the Ctrl key; on Macs, it is the key. Hold this key down while selecting courses with the mouse. Once courses are selected, hit the SUBMIT button. 6. A confirmation of class enrolments will be displayed. In addition, an confirmation of class enrolments will be sent to your student account. 2 T H E A U S T R A L I A N N A T I O N A L U N I V E R S I T Y

3 7. For security purposes, please ensure that you click the LOGOUT link on the confirmation page, or close the browser window when you have finished your selections. 8. If you experience any difficulties, please contact the School Office (see page 1 for contact details). COURSE OVERVIEW Learning Outcomes Upon successful completion of the requirements for this course, students will be able to: 1. Identify the main features of the international business environment and its main institutions; 2. analyse the political, social, economic, technological and other configurations that support cross-border trade; 3. apply an understanding of the nature of the multinational firm as an institutional structure for the conduct of cross-border trade and investment; 4. analyse the key decisions that multinational firms make in relation to the choice of markets and entry strategies; 5. apply an understanding of the different modes of engagement with international markets and explore the interconnectedness between these and the economic, legal, governmental, political, regulatory, cultural and other environments in which expanding companies operate; 6. research international business issues and apply theoretical insights to the analysis of such issues in the context of a complex international business environment; and, 7. communicate effectively in oral and written forms using the concepts, logic and rhetorical conventions of the subject. Proposed Assessment (Summary): Assessment for this course will be confirmed after consultation with students at the first lecture of the semester. If there are any changes to the assessment, those changes will be publicised on Wattle. Assessment Task Value Due Date Linked Learning Outcomes 1. Tutorial participation 10% On-going LO 6, 7 2. Group presentation 10% As assigned LO 7 3. Case analysis reports (2 x 500 words) 20% (10% each) 1. 4pm Monday Weeks 3-7 LO 2, 3, 4, pm Monday Weeks T H E A U S T R A L I A N N A T I O N A L U N I V E R S I T Y

4 4. Business environment analysis report (2,000 words) 5. Final exam (2-hour closed book) 30% 4pm Monday 23 Sept % During exam period LO 1, 2, 3, 4, 6, 7 LO 1, 2, 3, 4, 5, 7 All assessment items must be submitted or attempted to be eligible to pass the course. Research-Led Teaching The lecture content will include scholarly research in the field of International Business including the lecturer s own research. In addition, other data, research and concepts will be presented during the lectures that are not covered in the textbook. This material will be sourced from research institutes, consultants, and international agencies. During the tutorials, students will have the opportunity to analyse and present to the class the key points from scholarly research sourced from a journal of their choice. One of the individual assessment items (Business Environment Analysis Report) is also research-led in that students will need to research and analyse the business environment of a chosen country and make recommendations to a chosen firm about opportunities, risks and entry strategies. Staff Feedback Students will be given feedback in the following forms in this course: 1. Written feedback on the individual report and the two case analyses 2. Verbal feedback to the whole class during the case analysis seminar and in tutorials Student Feedback ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. One of the key formal ways students have to provide feedback is through Student Experience of Learning Support (SELS) surveys. The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. For more information on student surveys at ANU and reports on the feedback provided on ANU courses, go to: and 4 T H E A U S T R A L I A N N A T I O N A L U N I V E R S I T Y

5 Policies ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University s academic standards, and implement them. You can find the University s education policies and an explanatory glossary at: Students are expected to have read the Code of Practice for Student Academic Integrity before the commencement of their course. Other key policies include: Academic Progress Assessment of Student Learning Assessment Review and Appeals Course Assessment: Consultation and Finalisation Student Feedback on Teaching and Learning Insert College policies on extensions, late submissions, etc as appropriate 5 T H E A U S T R A L I A N N A T I O N A L U N I V E R S I T Y

6 LECTURE AND SEMINAR SCHEDULE Week/ Session Wk 1 22 July Summary of Activities 1. Lecture: Introduction to BUSI Lecture: The challenge and future of globalisation Readings/ Assessment Chapter 1 Wk 2 29 July 1. Lecture: Political, legal and economic environments Chapter 2 Wk 3 5 Aug 1. Lecture: Culture and international business Chapter 4 Wk 4 12 Aug 1. Lecture: Ethics and international business Chapter 5 Wk 5 19 Aug 1. Lecture: International trade: theory and practice Chapter 6 Wk 6 26 Aug 1. Lecture: International trade: protectionism and free trade Chapter 7 Wk 7 2 Sept 1. Lecture: Foreign direct investment Chapter 8 Mid-semester Break: 9 Sept 20 Sept 2013 Wk 8 23 Sept 1. Lecture: Regional Economic Integration Chapter 9 Wk 9 30 Sept 1. Lecture: Foreign exchange markets Chapter 10 Wk 10 7 Oct Wk Oct 1. Lecture: The international monetary system 1. Lecture: Strategy and organisation of international firms Chapters 11 & 12 Chapters 13 & 14 6 T H E A U S T R A L I A N N A T I O N A L U N I V E R S I T Y

7 Week/ Session Wk Oct Summary of Activities 1. Lecture: Entry strategy and strategic alliances Readings/ Assessment Chapter 15 Wk Oct 1. Lecture: Course review/wrap-up 2. Lecture: Preparing for the final exam TUTORIAL SCHEDULE Week/ Session Topic Activities Wk 2 29 July Wk 3 5 Aug Globalisation Political, legal and economic environments Introductions; allocation into presentation groups. Discussion Question No. 1 Discussion Question No. 2 Wk 4 12 Aug Culture and international business Discussion Question No. 3 Wk 5 19 Aug Ethics and international business Discussion Question No. 4 Wk 6 26 Aug International trade: theory and practice Discussion Question No. 5 Wk 7 2 Sept International trade: protectionism and free trade Discussion Question No. 6 Mid-semester Break: 9 Sept 20 Sept 2013 Wk 8 23 Sept Foreign direct investment Discussion Question No. 7 Wk 9 30 Sept Regional economic integration Discussion Question No. 8 7 T H E A U S T R A L I A N N A T I O N A L U N I V E R S I T Y

8 Week/ Session Wk 10 7 Oct Topic Foreign exchange markets Activities Discussion Question No. 9 Wk Oct The international monetary system Discussion Question No. 10 Wk Oct Strategy and organisation of international firms Discussion Question No. 11 Wk Oct Entry strategy and strategic alliances/exam preparation Course review/wrap-up, exam preparation ASSESSMENT REQUIREMENTS Assessment Task 1: Tutorial Participation Due Date On-going throughout the semester Weighting 10% Instructions Purpose Marking Criteria It is essential to your learning and the learning of others in the class that you are fully involved in the course. This means that you need to: a) Attend class though much learning will be done outside the classroom, class time is a valuable, scarce resource. You are expected to arrive ready to begin class on time; to not leave until class is over; and to attend all classes. If for any special reason you are unable to meet these requirements, please talk to the course convenor about it. b) Come prepared it will be assumed that you have completed any assigned readings and prepared for the discussion questions prior to class. c) Actively participate in the learning we owe it to ourselves and our colleagues to participate as fully as possible in the class sessions. To evaluate the issues and challenges pertaining to International Business This component is intended to evaluate the level and quality of your contribution to tutorial discussions, which should reflect your analytical and problem-solving skills; more specifically, your ability to understand situations and diagnose problems, and to recommend courses of action in relation to those situations and problems and to communicate your views effectively. Marks are awarded at the Tutor s discretion. 8 T H E A U S T R A L I A N N A T I O N A L U N I V E R S I T Y

9 Assessment Task 2: Due Date In tutorials as allocated Weighting 10% Instructions In Tutorial 1 (Week 2) you will be allocated into groups (2-3 students) to deliver a presentation (maximum of 15 minutes) in a tutorial commencing in Week 3. The theme of the presentation will be based on the assigned topic for that tutorial. Students are required to review the International business literature and select a journal article from the academic literature that relates to the assigned topic. The article should not have been previously provided by the lecturer. The presentation should summarise and evaluate the key ideas from the article, and where relevant identify new theoretical approaches, good practice principles, or lessons learned. The group should make use of PowerPoint (PPT) slides with a maximum of 10 slides recommended. The presentation will be followed by 5 minutes of Question and Answer discussion. Each group must provide a one-page summary of the key points from their presentation (not simply a handout of the Powerpoint slides) for distribution to each member of the tutorial. Please note that the presentation groups will be formed in the first tutorial in Week 2 when students will place their names on the presentation sign-up sheet. It is the responsibility of each student to join a group, thus if you join the tutorial after the first tutorial you must approach the tutor to have your name added to a group. Purpose Marking Criteria To demonstrate your ability to present and effectively convey research results and critical analysis of theory and empirical evidence. A key purpose is to demonstrate your ability to engage and involve an audience. Marking criteria will be posted on Wattle. Assessment Task 3: Case Analysis Report Due Date Weighting Suggested Length Instructions Report No. 1 is due by 4pm on the Monday following the Case Analysis Seminar in Weeks 3-7 Report No. 2 is due by 4pm on the Monday (Tuesday if Monday s a public holiday) following the Case Analysis Seminar in Weeks % (10% for each report) 500 words ±10% A Case Analysis Seminar will be held each week in Weeks 2-12 during which a contemporary IB case or issue will be presented for discussion and analysis. Students will be required to apply the knowledge, concepts, and decision tools to the case as presented 9 T H E A U S T R A L I A N N A T I O N A L U N I V E R S I T Y

10 during the seminar and answer the questions provided. While a copy of the case and associated questions will be distributed during the Case Analysis Seminar, they will also be posted on Wattle after the seminar. Attendance at the seminar is optional but those who do attend will have the opportunity to discuss and workshop possible responses to the case questions. The Case Analysis Seminar will not be recorded. Students are required to write two case analysis reports (maximum of 500 words) that address the case questions. Report No. 1 must be written on a case chosen from the cases presented during the seminars in Weeks 2 to 7 and submitted the following Monday. Report No. 2 must be written on a case chosen from the cases presented during the seminars in Weeks 8-12 and submitted the following Monday. Your reports can be based on the information provided in the case; however you are encouraged to research additional data, information, or evidence to strengthen your arguments. Purpose Marking Criteria Submission and Presentation Details The main purpose of this assessment is to develop your ability to analyse and evaluate the global issues that confront international businesses. Marking criteria will be posted on Wattle. Assignments are to be word-processed. The use of strict, professional expression is expected. The Harvard referencing style is to be used. Links to documentation on proper referencing methods are available on the course website or from the ANU Library website: All assignments must have a cover sheet with all of the appropriate details completed, including the name of your tutor. All students are required to keep a copy of assignments. Assignments are to be placed in the relevant assignment box in the School foyer opposite the main counter by 4 pm on the Monday following presentation of the case in the Case Analysis Seminar. All assignments submitted through the School assignment boxes are date stamped and checked against class lists. If an assignment is mislaid, you will be required to provide a copy. Assignments will be returned during tutorials. At the end of semester, unclaimed assignments are available from the School office for a limited period of time. Students must provide their student identification card to claim assignments. Assessment Task 4: Business Environment Analysis Report (BEAR) Due Date 4pm Monday 23 September 2013 Weighting 30% Word limit 2,000 words ±10% 10 T H E A U S T R A L I A N N A T I O N A L U N I V E R S I T Y

11 Instructions The individual assignment takes the form of a detailed report to the CEO of an Australian company chosen from the list provided on Wattle. The report should identify the major opportunities and risks arising from the business environment in one country in which the company does not currently have operations. You should consider the following: the CEO knows the company and its products or services well and thus does not need specific information on those; the CEO needs to be informed about the possible risks/opportunities to the company from the business environment in the foreign country; and attention should be paid to any aspect of the business environment relevant to the firm and its products/services, such as the political environment, government regulation, commercial law, intellectual property issues, level and rate of economic development, demographics, policies on international trade and investment, environmental law, regional cooperation etc. You are required to (1) justify and evaluate the relevant factors that the CEO should be aware of, (2) make recommendations on the key factors that the company should monitor and (3) make recommendations on the timing and method of entry in the country of your analysis. Purpose Marking Criteria Submission and Presentation Details To develop skills in undertaking research, evaluation of relevant business conditions, and formulation of criteria for decision-making and recommendations. This assessment is intended to further develop your research and analytical skills in issues related to international business. Further guidelines and marking criteria will be posted on Wattle. Assignments are to be word-processed. The use of strict, professional expression is expected. The Harvard referencing style is to be used. Links to documentation on proper referencing methods are available on the course website or from the ANU Library website: All assignments must have a cover sheet with all of the appropriate details completed. All students are required to keep a copy of assignments. Assignments are to be placed in the relevant assignment box in the School foyer opposite the main counter by 4 pm on the due date, Monday 23 September. All assignments submitted through the School assignment boxes are date stamped and checked against class lists. If an assignment is mislaid, you will be required to provide a copy. Assignments will be returned during tutorials. At the end of semester, unclaimed assignments are available from the School office for a limited period of time. Students must provide their student identification card to claim assignments. 11 T H E A U S T R A L I A N N A T I O N A L U N I V E R S I T Y

12 Assessment Task 5: Final Exam Due Date During the exam period date to be advised Weighting 30% Instructions Students will write a 2-hour closed book exam. The format of the exam will be announced during the course. Purpose To demonstrate your understanding of International Business theories and principles from material covered within the course. Extensions and penalties All assignment extension requests must be made in advance of the due date to your lecturer. Requests should be made on the Application for Extension of Assignment form which is available from the School office or Significant reasons must exist for an extension and documented medical evidence may need to be provided. Requests will not automatically be granted and students should continue with assignment preparation on the basis that the extension request may not be approved. Late assignments may attract the following penalties: 10% penalty per working day, up to 10 days. Assignments will not be accepted more than ten days after the due date. Late assignments are to be placed in the assignment submission box with a coversheet and either PART B of the request for assignment extension form, or a copy of the approval from the lecturer. Returning assignments Except where otherwise advised, all assignments will be returned during the tutorials. Resubmission of assignments Re-submission of assignments is not permitted in this course. Referencing requirements The Harvard referencing style is to be used. Links to documentation on proper referencing methods are available on the course website or from the ANU Library website: Examination material or equipment Students are permitted to bring a foreign language dictionary into the final exam. Requests to use a dictionary must be approved by the lecturer using the Dictionary Request form ( after which the dictionary must be taken to the Examinations Office at least one day 12 T H E A U S T R A L I A N N A T I O N A L U N I V E R S I T Y

13 before the final exam. Once timetabled, exam information can be found at: Workloads Students taking this course are expected to commit at least 8 hours to completing the work. BUSI2025 will be delivered as a face-to-face course but with some on-line learning. The weekly format will be: 1-hour Lecture (additional material not found in the textbook) 1-hour Case Analysis Seminar 1-hour Tutorial 1-hour of on-line (Wattle) lectures covering core concepts 4 hours per week including reading, research, writing and assignment preparation Prescribed Text Bradly, A. (Ed.), (2012), BUSI2025: International Business, Customised version of Charles W. Hill s International Business: Competing in the Global Marketplace, 9th Edition, McGraw Hill Custom Publishing, North Ryde. Other Resources The ANU Library subscribes (electronically) to a wide range of academic journals. Journals that may be helpful for your research include: Academy of Management Review Academy of Management Perspectives Academy of Management Journal Journal of Management Studies Journal of Management Journal of International Business Studies Journal of World Business International Business Review International Journal of Human Resource Management Journal of Business Research Asia-Pacific Journal of Management Management International Review Journal of International Marketing Strategic Management Journal Strategic Management Review Useful Websites Academy of International Business: Asian Development Bank: 13 T H E A U S T R A L I A N N A T I O N A L U N I V E R S I T Y

14 Australia and New Zealand International Business Academy: Austrade (Australian Trade Commission): Australian Bureau of Statistics: Australian Securities and Investments Commission: Australian Stock Exchange Limited (ASX): Company Annual Reports Online: Department of Foreign Affairs & Trade: Global Edge: International Monetary Fund: OECD: Pacific Economic Cooperation Council: The Economist: World Factbook (CIA): World Bank: Support for Students The University offers a number of support services for students. Information on these is available online from 14 T H E A U S T R A L I A N N A T I O N A L U N I V E R S I T Y